Magus GI Limited

Reference number: 489856

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Also trades as
  • Coversure Insurance Services (Westminster)
  • Coversure Westminster
  • PharmInsure

Company details

From the company's Companies House record.

Company number
06652445
Company status
Active
Company type
Private limited company
Incorporated
22 July 2008 (18 years old)
Registered office
134 Buckingham Palace Road, London, SW1W 9SA, United Kingdom
Nature of business
  • Non-life insurance (SIC 65120)

Current directors and secretaries

Name Role Born Appointed
Rajen Chunilal Savani Director Jul 1962 28 Jul 2008
Maheshkumar Gadhvi Director Oct 1950 15 Sep 2008

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.

Check your FSCS cover →

Show FCA detail (6 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Names it no longer trades under

This firm has retired 2 trading names. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.

Show the retired names
  • Coversure
  • Sigcover

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Common questions

Frequently asked questions

Is Magus GI Limited FCA authorised?
Yes, Magus GI Limited (FRN 489856) is authorised by the FCA to carry out regulated activities.
Is my money safe with Magus GI?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Magus GI to the Financial Ombudsman Service, free of charge.
Is Magus GI a scam or clone?
Magus GI is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Magus GI's Firm Reference Number (FRN)?
Magus GI's FRN is 489856. You can verify it on the FCA register.